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he increased the income tax by 10%, but the huge surge in revenues under clinton came through the capital gains tax cut, not from the income-tax increase. lou: you and i have do what the repblicans, perhaps too often. we talk about the economics of it, the theory of it, if you will, the extraction of t, but but the realitys the republican party has not come up with a rejoinder, a respnse to a, if you will, a socialist redistributionist president who right now claims thefield is on because there is no other standard flying over that field. there is a spker of the house to is simply saying, this is not right. you know, we are not at the table and complaining, but not, not engaging. >> i think we have got to engage the argument. we cannot win the argument while acknowledging that an increase in tax rates would increase revenues and all. it will just today the top 1 percent are paying about 40 percent of the income tax. the top 25 percent are paying 87% of the income tax. it does not get any better than that. this is under the bush tax rates. you eliminate the tax rates and you will get less
he increased the income tax by 10%, but the huge surge in revenues under clinton came through the capital gains tax cut, not from the income-tax increase. lou: you and i have do what the repblicans, perhaps too often. we talk about the economics of it, the theory of it, if you will, the extraction of t, but but the realitys the republican party has not come up with a rejoinder, a respnse to a, if you will, a socialist redistributionist president who right now claims thefield is on because there...
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president clinton had decided that he was going to try to work with the republicans. he brought in a new chief of staff by the name of erskine bowles, and in that has popped up again. and he immediately called me and said to my here to work with you and that enabled us to do a lot of things that i don't think the republicans today can get done with this obama white house. lou: and are you and i in agreement that the republicans are not in nearly sufficiently strong position, not with the lack of talent, there are some questions about that, but because of the lack f power of the leaders in the house and the role of the house in this negotiation. >> i am not prepared to ay that. i go up to the capitol every week and meet with the republican leaders and listen to them as they talked very openly about what their views are and what they're trying to get done. and i can tell you that they are a lot stronger than they have been presented by the conservative media. the interesting thing about the speaker is to make you look carefully at his proposals, he is never implying tha
president clinton had decided that he was going to try to work with the republicans. he brought in a new chief of staff by the name of erskine bowles, and in that has popped up again. and he immediately called me and said to my here to work with you and that enabled us to do a lot of things that i don't think the republicans today can get done with this obama white house. lou: and are you and i in agreement that the republicans are not in nearly sufficiently strong position, not with the lack...
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consider the confirmation of ambassador susan rice if the president were to nominate ambassador rice to clinton as secretary of state. but senator johnny isaacson of georgia said he would not confirm her. why? >> i don't think she is confirmable right now because of the lack of information we have on the entire benghazi issue, from the administration. susan rice is the tip of the sphere. the administration has put her there. there are unanswered questions why we didn't have security for christy veins, why we couldn't get security there why it took so long to admit it was terrorist attack. so the president has putter in a difficult position, floating her name as secretary of state but not nominating her and having her come to thisol and do interviews with unanswered questions. it's unfair. >> are you making her the scapegoat, senator? >> no. we're trying to get the answers. every single member, even senator graham and senator mccain came back and said they're willing to listen to her. they have had a difficult meeting this week. susan collins still has questions. i have questions, and i'm sure t
consider the confirmation of ambassador susan rice if the president were to nominate ambassador rice to clinton as secretary of state. but senator johnny isaacson of georgia said he would not confirm her. why? >> i don't think she is confirmable right now because of the lack of information we have on the entire benghazi issue, from the administration. susan rice is the tip of the sphere. the administration has put her there. there are unanswered questions why we didn't have security for...
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but if you remember, when the clinton tax cuts-- tax rates were imposed in 1993, martin felledsteen, you know, a very substantial economist, wrote an op-ed in the "with the journal" that day predicting we were going into a deep recession pause of the tax rates. we went into a big boom. we're tingering on the edges here of a massive economy. >> schieffer: michael? >> everybody knows the conversation needs to take place. speaker boehner calling the president saying i'll give some on rates. you have to give some on structural eltitlement reforms. the problem is, it's the president who sets the groundwork for that discussion. and right now republicans think the president's undermining that possible conversation by an unreasonable first setef demands, procedural changes that would make them irrelevant. the art of the deal involves giving people a soft place to land. and right now, republicans aren't seeing a soft place to land. their only option is humiliation in this process, and they're increasingly thinking that the president sees victory at the bottom of the fiscal cliff. >> but remem
but if you remember, when the clinton tax cuts-- tax rates were imposed in 1993, martin felledsteen, you know, a very substantial economist, wrote an op-ed in the "with the journal" that day predicting we were going into a deep recession pause of the tax rates. we went into a big boom. we're tingering on the edges here of a massive economy. >> schieffer: michael? >> everybody knows the conversation needs to take place. speaker boehner calling the president saying i'll give...
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to run, so is this shaping up to a battle between biden and clinton? i know it's very far out, and you know politics better than anyone. >> it is very far out. >> the fact -- >> auz know -- >> she's got all this going for her right now. >> well, conventional wisdom generally gets disproven, but as the secretary clinton knows better than anyone, but there's no question, she has been on a roll for good reason. she's been extremely successful as secretary of state. she is someone who is known and respected around the world, so she has done a remarkable job, and she's done it in a way after a very tough campaign in 2008 that really is a best of what american politics can be about and should be about. that is, after a tough election, you move on to do what's right for the country, and she's done that. i don't think there's any limit to her potential, and that's going without saying based upon what she's succeeded at. on the other hand, you know, this is a very personal decision, as she knows better than anyone, because she's been through it, and she's lived
to run, so is this shaping up to a battle between biden and clinton? i know it's very far out, and you know politics better than anyone. >> it is very far out. >> the fact -- >> auz know -- >> she's got all this going for her right now. >> well, conventional wisdom generally gets disproven, but as the secretary clinton knows better than anyone, but there's no question, she has been on a roll for good reason. she's been extremely successful as secretary of state....
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charge to preempt as an of now hypothetical obama nomination for secretary of state to replace hillary clinton. why? because five days after the benghazi attacks, susan rice went on the sunday talk shows and said this: . >> the best assessment we have today is that in fact this was not a preplanned, premeditated attack. that what happened initially was a spontaneous reaction to what had just transpired in cairo as a consequence of the video. >> jon: (whit perking) we know that that's wrong now. and we now know many in the obama administration knew immediately that that statement was wrong. that the attackers were not angry film critics. (laughter) but al qaeda or one of al qaeda's able a. teams, the ansar al-sharia mud hens. (laughter) so susan rice met yesterday with senators mccain, graham and ayotte to clear the air. how did that go? >> ambassador rice i think does not do justice to the reality at the time and in hindsight clearly was completely wrong. >> we are significantly troubled by many of the answers that we got and some that we didn't get concerning evidence that was overwhelming le
charge to preempt as an of now hypothetical obama nomination for secretary of state to replace hillary clinton. why? because five days after the benghazi attacks, susan rice went on the sunday talk shows and said this: . >> the best assessment we have today is that in fact this was not a preplanned, premeditated attack. that what happened initially was a spontaneous reaction to what had just transpired in cairo as a consequence of the video. >> jon: (whit perking) we know that...
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clinton, and they told me that bill clinton and barack obama ave had a major falling out. lou: wow, afterll the campaigning? the elegant speech, really? >> because of this estrangement, i'm told, is back to the presidential election when clinton struck a deal with obama. in the deal, clinton said he'd give the nominating speech and go out and campaign for obama, but in return, he wanted a couple things from the president. first, clinton wanted to be a allowed to name the next chairman of the democratic national committee to have effective control of the party apparatus and all the money that goes with that. lou: that's a big gift. >> well, he did a big deal for obama. lou: right. >> secondly, he wanted obama to agree that he would back hillary if she runs for president in 2016, and that was a verbal commitment he believed he had from barack obama. shortly after the election, according, again, to my sources, clinton sent obama a list of five names from which he could choose the next chairman of the democratic national convention. lou: a list from clinton to the president? >
clinton, and they told me that bill clinton and barack obama ave had a major falling out. lou: wow, afterll the campaigning? the elegant speech, really? >> because of this estrangement, i'm told, is back to the presidential election when clinton struck a deal with obama. in the deal, clinton said he'd give the nominating speech and go out and campaign for obama, but in return, he wanted a couple things from the president. first, clinton wanted to be a allowed to name the next chairman of...
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who will replace hillary clinton as secretary of state? lawmakers outraged over reports it could be ambassador susan rice. john kerry also a possibility. >> kate middleton spending her third day in the hospital after suffering an extreme form of morning sickness. >> prince william was 6 hours by her side. he seemed relaxed and even crack add smile. she may have to be hospitalized for several another days from severe nausea. we will have a live report from london. >> christmas came last night to washington with the lighting of the capital christmas tree. >> 3, 2 rn, 1. >> over 10,000 lights covered the 65 foot tree called in from colorado, by the way. house speaker john boehner led the holiday ceremony and an eagle scout from colorado helped him flip the lights. a beautiful site at the capital. that is your 5@5:00. >>> democrats and republicans are in firm agreement on one thing. they are nowhere near a deal to avoid the so-called fiscal cliff. peter doocy is life in washington with more. >> republicans have had their proposal to avoid the
who will replace hillary clinton as secretary of state? lawmakers outraged over reports it could be ambassador susan rice. john kerry also a possibility. >> kate middleton spending her third day in the hospital after suffering an extreme form of morning sickness. >> prince william was 6 hours by her side. he seemed relaxed and even crack add smile. she may have to be hospitalized for several another days from severe nausea. we will have a live report from london. >> christmas...
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the military is prepared to use poisen gas bombs, secretary of hillary clinton flew to dublin to hold a meetg with her russian counter part and u.n. enjoy to syria meeting to discuss how they would end the now 21-month long conflict in syria and how to move assad from power. and there's no sign they had to reverse the support, and toda a senior lawmaker says the syria government is now incapable of functioning properly. just before the meeting with the russian foreign minister, secretary clinton insisted that the united states and russia share common goals in the region. >> trying hard to work hard with russia to stop the bloodshed in syria and begin a political transition to a post asad future the pressure against the regime in and aroundamascus seems to be increasing. lou: at home, leon pa net fa issuing the -- panetta issuinghe sharpest warning yet. >> the president of t united states made it clear there will be consequences. there will be consequences if the assad regime makes a terrible mistake by using chemical weapons on their own people. lou: neither the white house or pentago
the military is prepared to use poisen gas bombs, secretary of hillary clinton flew to dublin to hold a meetg with her russian counter part and u.n. enjoy to syria meeting to discuss how they would end the now 21-month long conflict in syria and how to move assad from power. and there's no sign they had to reverse the support, and toda a senior lawmaker says the syria government is now incapable of functioning properly. just before the meeting with the russian foreign minister, secretary...
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also, i think she would be much more of an interventionist than hillary clinton is pillar clinton adulate at low. susan rice would be more of a humanitarian interventionists. >> we know that the talking points given by the intelligence community were altered, and we still don't know who offered them and why. -- who atlered them and why. maybe the administration allowed them to continue to sit at al qaeda is still on its heels and everything he said in charlotte. how do you get to that story when we know that the intelligence community said something else? it was changed pretty who did it? that is the scandal. >> who lost china? >> the u.n. votes for palestine as a non-voting observer state. >> progress cannot be made by pressing agree voting button in this hall, nor does passing any resolution to create a state where none exists or change the reality on the ground. >> speaking of susan rice, there she is, the u.n. ambassador to the general assembly voted on thursday by a large amount and to upgrade palestine from its status as an observer entity to an observer state. the united states opp
also, i think she would be much more of an interventionist than hillary clinton is pillar clinton adulate at low. susan rice would be more of a humanitarian interventionists. >> we know that the talking points given by the intelligence community were altered, and we still don't know who offered them and why. -- who atlered them and why. maybe the administration allowed them to continue to sit at al qaeda is still on its heels and everything he said in charlotte. how do you get to that...
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we are proposing to let the rates go back to clinton levels. that was a time of remarkably good economic growth in the country. strong private investment, strong job growth and strong growth in next. it was a good time for the american economy. makes a lot of sense. but in addition to that we propose to limit deductions for the top two percent of americans as well. we are willing to work with republicans on tax reform to create a more simple and fair system but only part of an agreement that has the rates go back up at the end of the year. >> 39.6%? >> and the reason eye why -- >> i understand the reason why. >> if you don't do that, you have to ask yourself where, whose taxes are you going to raise? where are you going to fine the money to bring a balanced plan in place that reduces our long-term deficit? >> how does that go for the economy if we go over the cliff? >> the american economy? >> yes. >> it would be very damaging. there's no reason it should happen. the only reason it would happen is if a group of members of congress decide they a
we are proposing to let the rates go back to clinton levels. that was a time of remarkably good economic growth in the country. strong private investment, strong job growth and strong growth in next. it was a good time for the american economy. makes a lot of sense. but in addition to that we propose to limit deductions for the top two percent of americans as well. we are willing to work with republicans on tax reform to create a more simple and fair system but only part of an agreement that...
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>> yeah, but victoria's point about reagan and clinton. we had economic growth then because government was not eating up everything. incentives were better aligned for busiss people to create jobs. i believe in the old parable it is better to teach a man how to fish than give him fish. long-answer is better prepare people for the needs of the 21st century economy . broken communities and families and schools are not doing that. >> i don't think the government a are doing it either. >> taking a hit for hitting the health care law. >> the name behind red lobster could have you paying up even more. the boys use capital one venture miles for their annual football trip. that's double miles you can actually use. tragically, their ddy got sacked by blackouts. but it's our tradition! that's roughing the card holder. but with the capital one venture card you get double miles you can actually use. [ cheering ] any flight, anytime. the scoreboard doesn't lie. what's in your wallet? hut! i have me on my fantasy team. your latest healines always at fox
>> yeah, but victoria's point about reagan and clinton. we had economic growth then because government was not eating up everything. incentives were better aligned for busiss people to create jobs. i believe in the old parable it is better to teach a man how to fish than give him fish. long-answer is better prepare people for the needs of the 21st century economy . broken communities and families and schools are not doing that. >> i don't think the government a are doing it either....
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. >> meanwhile as nato prepares to deploy patriot missile defenses to turkey, hillary clinton warns syria against moving its chemical weapons. >> this is a red line for the united states. i'm not going to telegraph in any specifics what we are would do in the event of credible evidence that the assad regime has resorted to using chemical weapons against their own people, but suffice it to say, we are certainly planning to take action if that eventuality were to occur. >> and while washington buzzes over this video tribute to clinton, some are asking is it a farewell to the secretary or prelude to 2016? honoring the icons. politics meets hollywood. a tribute to the arts. president obama finds a way to salute an eclectic group of honor honorees. >> we've got my guy sitting next to dustin hoffman. dave letterman alongside one of the greatest ballerinas of all time. i couldn't think dave dances. there's no smooth transition from ballerina to led skep lin. they redefine the rock and roll lifestyle. we do not have video of this. there was some hotel rooms trashed and mayhem all around. so it's
. >> meanwhile as nato prepares to deploy patriot missile defenses to turkey, hillary clinton warns syria against moving its chemical weapons. >> this is a red line for the united states. i'm not going to telegraph in any specifics what we are would do in the event of credible evidence that the assad regime has resorted to using chemical weapons against their own people, but suffice it to say, we are certainly planning to take action if that eventuality were to occur. >> and...
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they would be incapable of competing against hillary clinton if she decided to run in 2016. he said that on nbc's meet the press yesterday and that would be like trying to inwith the super bowl. he said if clinton decides to run, he is sure she would get the nomination although he joked that's the same thing he thought in 2008. the national minorah is lit. last night on the second day of hanukkah, south of the white house. rabbi shantob has kicked off that lighting for more than 20 years. we will have more bill press coming up for you after the break. as always, we are live in our chat room and would love to see you there. join us there at current.com/bill current.com/bill pass. we will see you on the other side of the break. [ music ] you're about to watch an ad viewer for capella university. matter. >> i work with adults with developmental disabilities. growing up i had a single mother of four and people in the community were so helpful when they didn't even have much themselves. seeing people and their hardships made me want to make a difference in people's lives to give
they would be incapable of competing against hillary clinton if she decided to run in 2016. he said that on nbc's meet the press yesterday and that would be like trying to inwith the super bowl. he said if clinton decides to run, he is sure she would get the nomination although he joked that's the same thing he thought in 2008. the national minorah is lit. last night on the second day of hanukkah, south of the white house. rabbi shantob has kicked off that lighting for more than 20 years. we...
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clinton 4% growth. more than 4% and reagan chose to that. that buoyed public sentiment that helped their approval ratings throughout enormous revenues that they could use. if obama gets a recession in the second term after the slow growth of the first term, he's dead in the water. he can't afford that. >> yes, but ball there's a whole economic school, we call it keynesian, which says that when the economy is slow and not growing, government has to step in and play the role of the engine of growth, by spending money. this is something that the democrats believe in religiously, and they think that the only way to get the economy growing again is to spend a lot of money from the government. that's where the problem comes in. >> all right. when we come back. as he prepares for a second term. president obama faces the prospect of assembling a whole new national security team. a closer look who could fill the top post and a preview of the controversies to come next. and we can save you 10% on ground shipping over the ups store. look this isn't my
clinton 4% growth. more than 4% and reagan chose to that. that buoyed public sentiment that helped their approval ratings throughout enormous revenues that they could use. if obama gets a recession in the second term after the slow growth of the first term, he's dead in the water. he can't afford that. >> yes, but ball there's a whole economic school, we call it keynesian, which says that when the economy is slow and not growing, government has to step in and play the role of the engine...
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if the bush tax cuts lapse it goes to 39.6%, the rate under bill clinton. some say go to 37%. >> that's the deal that obama says he would come down to, 37. the republicans say raise medicare eligibility. the left is completing freaking out over raising medicare eligibility and the right is freaking out about the tax rates. so they have to decide. the administration is clear that the tax rates have to go up. obama has given in on this before and so there's pressure on him. there's a lot of pressure on house democrats so i think if they can come to some sort of agreement on the rate and if republicans are willing to push the other stuff to next year, that's a deal. i mean -- >> but i think what argues against a big deal that includes any sort of cuts for instance up front on the entitlement side is republicans, if tax -- tax rates are going up either way either because you're going over a cliff or because the president will force you into a deal. they don't want to take responsibility for the economic fallout that comes. so if they agree to a big deal that in
if the bush tax cuts lapse it goes to 39.6%, the rate under bill clinton. some say go to 37%. >> that's the deal that obama says he would come down to, 37. the republicans say raise medicare eligibility. the left is completing freaking out over raising medicare eligibility and the right is freaking out about the tax rates. so they have to decide. the administration is clear that the tax rates have to go up. obama has given in on this before and so there's pressure on him. there's a lot of...
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we think they should go back to the clinton level and bipartisan that with tax reform in limited deductions for wealthy americans. that's an essential parent of any balanced agreement. now, that's not enough. we think we can go beyond that and lock in some carefully designed savings that helps us go back to living within our means. and the president lad out a very detailed, comprehensive plan for how best to do that. he put on theitable it $16 billion in savings, and they're very detailed, and they're very well designed-- >> schieffer: what gives you reason for optimism. speaker boehner says this is basically a stalemate. >> it's true that we're still a bit apart. and they're going to have to move further, and they're trying to figure out, again, what they do next in this context. again, we've given them a very detailed set of proposals. we're open to suggestions on how to do it differently. if they want to come back and say we'd like you to do this differently, do more of this, they should lay this out for us. >> schieffer: what is it what cannot change in your plan. >> our plan? >> schief
we think they should go back to the clinton level and bipartisan that with tax reform in limited deductions for wealthy americans. that's an essential parent of any balanced agreement. now, that's not enough. we think we can go beyond that and lock in some carefully designed savings that helps us go back to living within our means. and the president lad out a very detailed, comprehensive plan for how best to do that. he put on theitable it $16 billion in savings, and they're very detailed, and...
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the clinton deal as part of the budget control act. we're going to do $1 trillion in cuts. as secretary geithner pointed out, the president's budget contains additional cuts. and i don't think people recognize this. the president's budget over the next 10 years has more additional savings in medicare than the republican ryan budget over the next 10 years. let's see their plan. the reality is, they attack the president viciously, claiming he cut medicare by $716 billion. what they wanted to do was to add that $716 billion back into medicare, which would have cut the solvency by eight years. so they attack him for $716 billion, and now they are coming around saying, mr. president, you don't have enough medicare savings in your plan when in fact his plan over the next 10 years -- >> well, both things can be true. there's still not enough detail about how you fundamentally restructure medicare because the president does not want to make that commitment yet before he solves the tax issue. we'll come back. >> absolutely the right point, davi
the clinton deal as part of the budget control act. we're going to do $1 trillion in cuts. as secretary geithner pointed out, the president's budget contains additional cuts. and i don't think people recognize this. the president's budget over the next 10 years has more additional savings in medicare than the republican ryan budget over the next 10 years. let's see their plan. the reality is, they attack the president viciously, claiming he cut medicare by $716 billion. what they wanted to do...
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ambassador susan rice is on the short list to replace secretary of state hillary clinton. but it would be controversial choice for obama, one that key republicans say they plan to block. here for a former balanced debate. editor of chief of the washington free deacon. gentlemen, welcome. >> great to be with you. >> shannon: does president obama really want susan rice under oath in front of a group of some, some will be hostile senators who have questions about benghazi? >> i think if he chooses to go that direction, it's -- he has that right. now look, susan rice went through the talks last week. some went well, some didn't go that well. but i think that overall, if it's the president's -- it is his option to do it. i think right now, you know, it looks like he probably will. but i don't think he, my sense is that -- she hasn't done anything yet that is going to disqualify her. senator lieberman said that. you have most of the senate democrats who are rallying behind her. i think if she was put up, i think she would be confirmed. >> shannon: matt, doug mentioned the meetin
ambassador susan rice is on the short list to replace secretary of state hillary clinton. but it would be controversial choice for obama, one that key republicans say they plan to block. here for a former balanced debate. editor of chief of the washington free deacon. gentlemen, welcome. >> great to be with you. >> shannon: does president obama really want susan rice under oath in front of a group of some, some will be hostile senators who have questions about benghazi? >> i...
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president clinton was clear when he spoke to the republicans. he pointed out that the biggest driver of the united states debt is medicare. he understands that we have to face up to the medicare problem. we need a solution. >> the conference that rick was referring tompt he said folks, i won and i get to make the decision and he grew the budget by 800 billion every year. one-time stimulus has happened every year of the presidency and the president through tim geithener is making a proposal and raising taxes. >> it is absurd what is in the propose and the president is proposing. we hear the president saying that tax hikes on the upper brackets will solve all of the problems and it pay for government spending for a week and a half . the psident said he would stop the seas from rising. he might want to stop the oceans of red ink that are rising. listen, they make this point. federal taxpayers ponying up to cover up the short fall of social security. white house said that is happening . lbj in the '60s got the government's mitts on social security f
president clinton was clear when he spoke to the republicans. he pointed out that the biggest driver of the united states debt is medicare. he understands that we have to face up to the medicare problem. we need a solution. >> the conference that rick was referring tompt he said folks, i won and i get to make the decision and he grew the budget by 800 billion every year. one-time stimulus has happened every year of the presidency and the president through tim geithener is making a...
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i imagine both secretary clinton and mr. brahimi would be lean on the russians to convince assad to leave power. he's finished in syria. there's no way he's going to emerge victorious. the only options for him are to lose and lose his life, most probability, or leave syria but certainly this civil war now more than 40,000 people dead, and with the latest problem with chemical weapons, the civil war has to be brought to an end. >> now, ambassador, both president obama and secretary of state clinton warned chemical weapons are the red line on syria. i also want to play something that defense secretary leon panetta had to say in reaction to the reports about the preparation of chemical weapons. let play that and talk about what diplomatic options are left. >> the president of the united states made very clear that there will be consequences. there will be conconsequences if the assad regime makes a terrible mistake by using these chemical weapons on their own people. i'm not going to speculate or comment on what those potential
i imagine both secretary clinton and mr. brahimi would be lean on the russians to convince assad to leave power. he's finished in syria. there's no way he's going to emerge victorious. the only options for him are to lose and lose his life, most probability, or leave syria but certainly this civil war now more than 40,000 people dead, and with the latest problem with chemical weapons, the civil war has to be brought to an end. >> now, ambassador, both president obama and secretary of...
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ronald reagan and throughout the clinton era. john: george w. bush hired 86,000 more regulators. >> banking is one of the most regulated industries if not the most. the problem was not deregulation but we had a crisis caused by a massive industry in real-estate due to policies to seven everybody encouraged to take out a mortgage. there will intended. they crafted the bill. logic says this will protect us? >> dodd/frank does not end the bailout are too big to fail. john: all this? that is left in here and even encouraged because it implies some banks will be bailed out. >> right. when you say the bank is systemic you say it is an institution to big and important and critical to allow to be left 57 they have labeled them systemic. it shows what happens and white increases the risk. the big banks can borrow money more cheaply because they think the government will bail them out. >> creditors know they will not be bailed out if they fail so they give them money at it cheaper rate. >> jpmorgan chase pays $4 interest but the small bank pays $70 $0.50.
ronald reagan and throughout the clinton era. john: george w. bush hired 86,000 more regulators. >> banking is one of the most regulated industries if not the most. the problem was not deregulation but we had a crisis caused by a massive industry in real-estate due to policies to seven everybody encouraged to take out a mortgage. there will intended. they crafted the bill. logic says this will protect us? >> dodd/frank does not end the bailout are too big to fail. john: all this?...
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ronald reagan and throughout the clinton era. john: george w. bush hired 86,000 more regulators. >> banking is one of the most regulated industries if not the most. the problem was not deregulation but we had a isis caused by a massive indury in real-estate due to pocies to seven everybody encouraged to take out a rtgage. there will intended. they crafted the bill. logic says this will protect us? >> dodd/frank does not end the bailout are too big to fail. john: all this? that is left in here and even encouraged because it implies some banks will be bailed out. >> right. when you say the bank is systemic you say it is an institution to big and important and critical to allow be left 57 they have labeled them systemic. it shows whathappens and white increases the risk. the big banks can borrow money more cheaply because they think the government will bail them out. >> creditors know they will not be bailed out if they fail so they give them money at it chper rate. >> jpmorgan chase pays $4 interest but the small bank pays $70 $0.50. they sy small
ronald reagan and throughout the clinton era. john: george w. bush hired 86,000 more regulators. >> banking is one of the most regulated industries if not the most. the problem was not deregulation but we had a isis caused by a massive indury in real-estate due to pocies to seven everybody encouraged to take out a rtgage. there will intended. they crafted the bill. logic says this will protect us? >> dodd/frank does not end the bailout are too big to fail. john: all this? that is...
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clinton looks worn down. that's it for america's new headquarters in washington. good-bye to our intern cally stewart, it's her last day. congrats and good luck. we'll miss you, happy hanukkah to those who have begun celebrating the festival of lights. >> chris: i'm chris wallace, two big issues today. the fiscal cliff talk stuck in neutral and concerns syria will use chemical weapons against it's own people. with 23 days and more posturing, will the white house cut a deal. we'll talk two senators on the front lines of the debate. democrat charles schumer and republican bob corker. then the u.s. draws a red line telling syrian president assad not to use chemical weapons in that country's civil war. we'll discuss the latest intelligence and fallout with michael oren. a fox news sunday exclusive. plus the supreme court agrees to take up same-sex marriage. we'll ask our sunday panel if the court is likely do decide whether gays have a constitutional right to marry and a final farewell to my best friend winston, all right now on "fox news sunday." hello again from fox
clinton looks worn down. that's it for america's new headquarters in washington. good-bye to our intern cally stewart, it's her last day. congrats and good luck. we'll miss you, happy hanukkah to those who have begun celebrating the festival of lights. >> chris: i'm chris wallace, two big issues today. the fiscal cliff talk stuck in neutral and concerns syria will use chemical weapons against it's own people. with 23 days and more posturing, will the white house cut a deal. we'll talk two...
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does he insist on raising the top rate from 35% all the way up to the clinton rate of 39.6%, or would he compromise on something lower, like 37%? is that negotiable. >> we will not extend an extension of the tax rates for the top 2%, we think they should go back and need to go back to clinton levels and let me explain why. >> chris: i just -- to answer my question, specifically, you are saying nonnegotiable, 39.6%. >> we think that is the way to do it. if you don't do that, it costs a trillion dollars, roughly a trillion dollars over ten years. >> chris: not if you went to 37%. >> again, but you are -- >> that is one of the ideas, out there, sir, i'm not making it up. >> that is out there, and again we are proposing to let the rates go back to clinton levels and that was a time of remarkably good economic growth, in the country. strong private investment, and strong job growth, strong broad-based growth in incomes, and, it was a good time for the american economy and in addition we propose to limit deductions for the top 2% of americans as well and are willing to work with republicans
does he insist on raising the top rate from 35% all the way up to the clinton rate of 39.6%, or would he compromise on something lower, like 37%? is that negotiable. >> we will not extend an extension of the tax rates for the top 2%, we think they should go back and need to go back to clinton levels and let me explain why. >> chris: i just -- to answer my question, specifically, you are saying nonnegotiable, 39.6%. >> we think that is the way to do it. if you don't do that, it...
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praised clinton in a more than ten-minute video tribute. take a look at this. >> strength, toughness, very strong streak of principle. >> i had the opportunity to work with her, to achieve ceasefire between israel and hamas. >> a strong and determined leader. >> politics as a mother, as a senator, the pinnacle up to now of her public service. >> one of the best secretary of states in american history and finally, hillary, a lot has been said about our relationship and here is what i know. you haven't just within one of my closest partners, you've become a great friend. >> yet this was not it at the 2016 convention yet. for those wondering if clinton may have politics in her faw tour listen to how the video wrapped up and secretary clinton's reaction. >> on the side of human rights, human dignity. more countries may have the same extraordinary good fortune that we've had. >> someone who knows a thing or two about political comeback, i can tell you i don't think we've heard the last of hillary clinton. ♪ girl, you're amazing just the way yo
praised clinton in a more than ten-minute video tribute. take a look at this. >> strength, toughness, very strong streak of principle. >> i had the opportunity to work with her, to achieve ceasefire between israel and hamas. >> a strong and determined leader. >> politics as a mother, as a senator, the pinnacle up to now of her public service. >> one of the best secretary of states in american history and finally, hillary, a lot has been said about our relationship...
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she was with mandela who she calls the greatest statesman in the world when clinton was going through the crisis with monica lewinsky. kati writes, what is it with these americans? we like our men to be very ill. >> it's amazing she's being so frank and honest. i think a lot of people will connect. >> "paris: a love story." >>> we're talking about lady ga gaga. a tweet from her is causing a social media frenzy. but first what's coming up at the bottom of the hour on "sanjay gupta md." >> susan, i'm going to be talking with frankie mun easy, he's only 27 years old. >>> hoarding, those people who find themselves overwhelmed by clutter. all of this coming up at 7:30 a.m. eastern. me -- we're gonna save you money. with straight talk at walmart, you get unlimited talk, text and data for only $45 a month per phone. would we get the same coverage? same coverage on america's best networks. you saved $146.76 by switching to straight talk. awesome! now you can afford to share your allowance with me. get the season's hottest smartphones like the samsung galaxy s2 and get straight talk with unlim
she was with mandela who she calls the greatest statesman in the world when clinton was going through the crisis with monica lewinsky. kati writes, what is it with these americans? we like our men to be very ill. >> it's amazing she's being so frank and honest. i think a lot of people will connect. >> "paris: a love story." >>> we're talking about lady ga gaga. a tweet from her is causing a social media frenzy. but first what's coming up at the bottom of the hour...
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susan rice and the possibility she may be considered to take over as secretary of state once hillary clinton leaves her post and most of what you probably heard sounded something like this. we are significantly troubled by many of the answers that we got and some that we didn't yet bottom line and more disturbed now than i was before we will not allow a brilliant public servant record to be mug to cut off her her consideration to become secretary of state the republicans are making a big mistake the first thing they do after the election is start attacking an african-american woman without any cause by the way this is somebody had nothing to do with been guys a she was given cia information the cia told her here's what i think it's appropriate to say of course it's only racism when it's directed toward a a liberal or a democrat it's never racism toward a republican look if this is kind to lisa rice and not susan rice allen would be on the other side of this camera basically suggesting that she deserves either resign or she did something wrong while as you can imagine the obama administration
susan rice and the possibility she may be considered to take over as secretary of state once hillary clinton leaves her post and most of what you probably heard sounded something like this. we are significantly troubled by many of the answers that we got and some that we didn't yet bottom line and more disturbed now than i was before we will not allow a brilliant public servant record to be mug to cut off her her consideration to become secretary of state the republicans are making a big...
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region appears the syrian government is preparing its biological and chemical weapons that hillary clinton gave syria a warning this morning about the use of chemical weapons the possible use of chemical weapons by the syrian regime the syrian government is losing its grip on damascus and that may be part of the reason why they are preparing their chemical weapons again i show you losing a parent leaves from weapon. sound does the increased attention to syria's chemical weapons mean that the west is readying itself for an invasion and building an arsenal of justification well we can't say for sure one thing however is clear if history serves as an indicator we might be sings and military action sooner than later. a lot of the mainstream media cycles during the last couple weeks were mired in chatter about u.n. ambassador susan rice and the possibility she might be considered to take over as secretary of state once hillary clinton leaves her post and most of what you probably heard sounded something like this we are significantly troubled by many of the answers that we got and some that we
region appears the syrian government is preparing its biological and chemical weapons that hillary clinton gave syria a warning this morning about the use of chemical weapons the possible use of chemical weapons by the syrian regime the syrian government is losing its grip on damascus and that may be part of the reason why they are preparing their chemical weapons again i show you losing a parent leaves from weapon. sound does the increased attention to syria's chemical weapons mean that the...
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hillary clinton has to be aware of all this support. where do you think that the secretary stands right now? >> well, as she said, she wants to take some time off, perhaps hopefully get a grandchild, really unwind. she said in a couple interviews now. but she's done nothing to tamp down speculation at all that she could run again in four years. and in politics, unless you issue a sherman-esque statement absolutely no and say those kinds of words, it's not really a no. it's a maybe. >> sherman-esque statement. david, let me bring you in because one of the things we heard from secretary clinton this week was her defensive viewing of ambassador susan rice who continues to come under fire from some republicans for comments she made on the attack in the u.s. consulate in benghazi. take a listen. >> susan rice has done a great job as our u.n. ambassador. she has been a stalwart colleague in a lot of the tough decisions that we've had to make. and certainly with respect to defending our national interests and national security at the united na
hillary clinton has to be aware of all this support. where do you think that the secretary stands right now? >> well, as she said, she wants to take some time off, perhaps hopefully get a grandchild, really unwind. she said in a couple interviews now. but she's done nothing to tamp down speculation at all that she could run again in four years. and in politics, unless you issue a sherman-esque statement absolutely no and say those kinds of words, it's not really a no. it's a maybe....
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. >> deputy to llary clinton, former morgan stanley executives trying to be obama's chief of staff. and tom knight has been making the rounds on wall street having dinners with various wall street streetictives. -- executives. and he setting the stage for an interesting wall street embrace of the president. you listen to these guys, ceo of goldman sachs, goes up tre before the water, he looks like he has within water tortured minutes before, eyes shiftg. neil: i don't know he was waterer to thetured. i think that guy,hoer? lead, and whoever is the winner. things he opposed, long col on, just weeks ago, now sign me up. >> what is ridiculous, he went out and said we need to cut expenditures and a planned approach but tn he said, president has a creble plan ta raise a lot of taxes. >> ihink they are allll pathetic losers, they make washington, d.c. look lik choir boys, i am shocked. in record time, turning to this guy who cald him every name in the boo dirty rotten scoundrels of wall street, n ey are playing ft ftse i is grossndreepy. neil: i did not think that losing your backbone was
. >> deputy to llary clinton, former morgan stanley executives trying to be obama's chief of staff. and tom knight has been making the rounds on wall street having dinners with various wall street streetictives. -- executives. and he setting the stage for an interesting wall street embrace of the president. you listen to these guys, ceo of goldman sachs, goes up tre before the water, he looks like he has within water tortured minutes before, eyes shiftg. neil: i don't know he was waterer...
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on these investments i know back in one thousand nine hundred four season rice was working for the clinton administration as a junior official often national security council and how to shape the u.s. policy toward central africa during and after the wanding genocide as you want to invade neighboring countries to find her to talk a little bit about some of the criticisms of susan rice you know in that. well i think that in bassa the race in this regard is really just reflective of a lot of even president clinton himself and a lot of figures from that administration because basically they were responsive to genocide that you know took place in real time it was clear what was happening and due to other concerns about not wanting to get bogged down in africa due to the marines being killed in mogadishu the year before in one thousand nine hundred three and they didn't want to intervene and this really horrific event happened and now the tendency coming out of that has been on the opposite extreme which has been to look the other way as the rwandan government under paul kagame a has a question
on these investments i know back in one thousand nine hundred four season rice was working for the clinton administration as a junior official often national security council and how to shape the u.s. policy toward central africa during and after the wanding genocide as you want to invade neighboring countries to find her to talk a little bit about some of the criticisms of susan rice you know in that. well i think that in bassa the race in this regard is really just reflective of a lot of even...
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of course president clinton did a good job. and the right track wrong track, he was right track of the country wrong track of the country among the electorates that actually voted was about 20 plus points closer than it was at the beginning of the race. so every campaign has to have a theory, and a rationale. and one of the key rationales of this campaign was worst economic crises since the depression, he inherited it but what has he done for it. when you look at the exit polls on those that cared about the economy the most, governor romney won. there just wasn't enough to win the election. >> rose: did you have the right theory of the case, though, in terms of what the impact of all of the mosaic of american politics that make up the electorate. >> well, we talked about other issues. i mean he talked a lot about entitlement reform. big ideas. that was what he wanted to talk about. that's why he ran. and i hope that people will continue to be part of the conversation, how many big ideas he put out there with a really fair degre
of course president clinton did a good job. and the right track wrong track, he was right track of the country wrong track of the country among the electorates that actually voted was about 20 plus points closer than it was at the beginning of the race. so every campaign has to have a theory, and a rationale. and one of the key rationales of this campaign was worst economic crises since the depression, he inherited it but what has he done for it. when you look at the exit polls on those that...